Other equities analysts also recently issued reports about the company. Canaccord Genuity restated an average rating and set a $127.00 price target on shares of Franco Nevada in a report on Friday, July 19th. Raymond James raised their price target on Franco Nevada from $94.00 to $98.00 and gave the company an outperform rating in a report on Monday, July 22nd. BMO Capital Markets restated an average rating and set a $100.00 price target on shares of Franco Nevada in a report on Friday, April 5th. TD Securities raised their price target on Franco Nevada from $90.00 to $92.00 and gave the company a buy rating in a report on Friday, May 10th. Finally, Deutsche Bank set a $81.00 price target on Franco Nevada and gave the company a hold rating in a report on Thursday, July 11th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $93.44.
Shares of NYSE:FNV traded up $2.44 on Thursday, hitting $91.98. 19,477 shares of the company traded hands, compared to its average volume of 515,325. Franco Nevada has a 52 week low of $58.26 and a 52 week high of $90.78. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $85.51. The company has a market capitalization of $16.76 billion, a P/E ratio of 78.53, a PEG ratio of 15.73 and a beta of 0.06.
Institutional investors have recently added to or reduced their stakes in the business. Legacy Bridge LLC bought a new stake in shares of Franco Nevada during the 1st quarter valued at about $45,000. Advisory Services Network LLC grew its stake in shares of Franco Nevada by 42.1% during the 4th quarter. Advisory Services Network LLC now owns 729 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 216 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Franco Nevada by 83.0% during the 1st quarter. Quadrant Capital Group LLC now owns 745 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 338 shares during the period. Legacy Advisors LLC bought a new stake in shares of Franco Nevada during the 1st quarter valued at about $58,000. Finally, Carroll Financial Associates Inc. bought a new stake in shares of Franco Nevada during the 1st quarter valued at about $64,000. Institutional investors and hedge funds own 65.23% of the company’s stock.
About Franco Nevada
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa. It also holds interests in silver and platinum group metals; and oil, gas, and natural gas liquids. The company was incorporated in 2007 and is headquartered in Toronto, Canada.
Featured Story: Moving Average (MA)
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Franco Nevada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franco Nevada and related companies with MarketBeat.com's FREE daily email newsletter.